On June 26, 2025, gold prices in Pakistan soared, reflecting a robust global rally. The All Pakistan Sarafa Gems and Jewellers Association reported a significant increase of Rs1,335 per tola for 24-karat gold, reaching Rs356,000. Internationally, gold prices climbed by $13 to $3,343 per ounce, driving the local market’s upward trend. Consequently, investors and consumers felt the impact across Pakistan’s bullion markets.
The price of 10 grams of gold rose by Rs1,144, settling at Rs305,212. Silver also followed suit, with a per-tola price increase of Rs 86 to Rs 3,850 and a 10-gram price hike of Rs 73 to Rs 3,300. For instance, these gains were built on Wednesday’s modest recovery, when gold per tola rose by Rs300 to Rs354,665. That uptick had followed a sharp Rs3,800 per-tola drop on Tuesday, highlighting the market’s volatility.
The international surge to $3,343 per ounce directly fueled Pakistan’s gold market. Global economic factors, including inflation fears and geopolitical stability concerns, often drive such rallies. Moreover, the recent Israel-Iran ceasefire, as reported by Reuters, may have bolstered investor confidence in safe-haven assets, such as gold. As a result, local prices mirrored the global uptrend, impacting buyers and traders alike.
Tuesday’s significant decline of Rs3,800 per tola had unsettled investors. However, the subsequent recovery and Thursday’s surge signal renewed market strength. The APSGJA noted steady trading activity, with dealers adapting to the fluctuating prices. Meanwhile, silver’s parallel rise underscores broad demand for precious metals in uncertain times.
